Las Vegas Debt Consolidation

Las Vegas Debt Consolidation is made up of service providers that are regulated by the Nevada Department of Business and Industry, Financial Institutions Division. The “Division” has issued at least 16 Debt Adjuster licenses. As of August 9, 2010 12 of the 16 licensees no longer had physical addresses/offices located in Nevada leaving 4 companies with licenses, offices, phone numbers and websites. For a complete list look at our page on Debt Management Companies. We have also provided pages on credit management companies (Credit Service Organizations, Credit Repair Companies) and Loan Modification Companies (Covered Service Providers, Bankruptcy Counselor).

What follows is a list of some of the primary requirements of licensure. This is not a complete list but it is meant to provide a general understanding for the licensing requirements of members of Las Vegas Debt Consolidation.

In order to be issued a license a service provider must initially be able to satisfy:

A bond of at least $15,000 - This provides insurance in the event of any wrong-doing or misappropriations of funds;

An FBI background check - This provides the ability to evaluate a licensee’s history;

A credit evaluation – This provides the ability to evaluate creditworthiness;

Child Support Statement - This provides the ability to evaluate any support obligations;

Personal History Record – This provides personal information and efficiency to the application by ejecting some applications prior to costs incurred by the FBI background check;

Two completed fingerprint cards – This is done for identification and verification purposes;

Business organization and filing requirements- This is done to evidence the companies compliance with state and local laws on business structure;

An additional financial statement;

A General Business Plan;

A copy of the lease or other document that includes the address of the place of business and phone number of applicant;

Documentation of at least 2 years experience in related fields

Letters of explanation for any derogatory items listed in the above submissions;

Supporting documentation that the applicant is in good standing with the State of Nevada, Secretary of State;

A Copy of the Business license;

A Copy of the State of Nevada Department of Taxation Business License;

Las Vegas Debt Consolidation is becoming an exclusive list of service providers that welcome and appreciate the hard-work and dedication of the Nevada Department of Business and Industry, Financial Institutions Division.